The primary cause of labor relations disputes is the inability of the employer and employee to come to an amicable compromise that takes into account their respective rights, interests, and feelings.
When a business declines to acknowledge a union as its employees' representation, controversy may initially ensue; in the US, these issues are typically resolved by an employee election overseen by a government agency.
Contractual disagreements and complaints are more typical. When a union contract covering a group of employees is due to expire and the parties cannot agree on the provisions of a new one, a contract dispute arises. Sometimes these disputes are about other concerns, such as seniority, hours, sick leave, overtime, etc., but typically they are about wages, health insurance, and other economic issues.
To know more about labor click here,
https://brainly.com/question/333305
#SPJ4
neither isaiah nor dalia has an incentive to increase output further, nor does either have an incentive to decrease output. this outcome is an example of .
The correct answer to the given question is: The outcome is an example of a Nash equilibrium.
According to the idea of Nash equilibrium in game theory, the best result occurs when participants have no reason to change their initial course of action. Despite being aware of their opponent's approach, the players still won't stray from the ones they first selected because each player still finds it to be the best course of action.
Overall, assuming that other players maintain their current strategy, an individual cannot benefit incrementally from changing their actions. There could be several Nash equilibria in a game or none at all.
To learn more about Nash equilibrium click here:
https://brainly.com/question/28903257?referrer=searchResults
#SPJ4
The board of directors authorizes a cash or distribution of cash to its investors.a. Trueb. False
This assertion is accurate. A cash dividend or other cash payment to investors is approved by the board of directors.
Is the board of directors involved in the decision to distribute dividends?Before a cash dividend is announced and later delivered to shareholders, a company's board of directors must determine whether to pay one and how much. The Board shall determine the amount of cash to be delivered to the Shareholders, both individually and collectively.
Dividends have been announced by the board of directors.A company's interim dividend is the sum that the board of directors declares between two annual general meetings. Interim dividend is included in the definition of dividend under Section 2(35) of the Companies Act. It is at the board of directors' discretion to declare an interim dividend.
Learn more about interim dividend: https://brainly.com/question/28523087
#SPJ4
the efficient quantity of a public good produced is a. achieved where marginal revenue product equals marginal factor cost. b. determined by the intersection of the market demand curve and the marginal cost curve. c. determined by the intersection of the market demand and market supply curves. d. achieved at the minimum point of the average total cost curve. e. achieved where the sum of marginal valuations equals the sum of marginal costs.
The efficient quantity of a public good produced is achieved where marginal revenue product equals marginal factor cost. Thus option (a) is correct.
What is a public good?A public good refers to a commodity or service that is made available to all members of a society. Typically, these services are administered by governments and paid for collectively through taxation.
The examples of public goods include law enforcement, national defense and the rule of law.
A public good must be non-rivalrous ( means that the goods do not dwindle in supply as more people consume them) and non-excludable (means that the good is available to all citizens).
Learn more about the public goods here:
https://brainly.com/question/14975509?
#SPJ1
Why was consumerism important in the 1920s?
The consumerism was important in the 1920 for the sale of more consumer goods and put automobiles within reach of average Americans.
The consumerism is the growth that has led to many organizations improving their product and services to the customer and reach the customers needs to their products and services.
The prosperity of the 1920s led to new patterns of consumption, or purchasing consumer goods like radio, cars, vacuums, beauty products or clothing.
The expansion of credit in the 1920s allowed for the sale of more consumer goods and put automobiles within each of average Americans.
To know more about consumerism here,
https://brainly.com/question/8318919
#SPJ4
An agent must keep confidential any information acquired through an agency during the term of the relationship, but can disclose it after the agency ends. True or false?
An agent must keep confidential any information acquired through an agency during the term of the relationship but can disclose it after the agency ends. False
In the language of the law, someone who has been given the authority to act on behalf of another person or entity is referred to as an agent. To represent a client in discussions and other interactions with third parties, an agent may be hired. The agent may be given the power to make decisions.
Any confidential information belonging to a buyer or seller client should not be disclosed to the opposing party or that party's agents, such as an attorney, lender, or another representative, by agent.
Learn more about An agent here:
https://brainly.com/question/25358387
#SPJ4
during 2021, raines umbrella corporation had sales of $710,000. cost of goods sold, administrative and selling expenses, and depreciation expenses were $500,000, $125,000, and $170,000, respectively. in addition, the company had an interest expense of $60,000 and a tax rate of 21 percent. (ignore any tax loss carryforward provisions and assume interest expense is fully deductible.) suppose the company paid out $60,000 in cash dividends. if net capital spending and net working capital were both zero, and if no new stock was issued during the year, what is the net new long-term debt? (do not round intermediate calculations.)
Net New Long-term Debt = Interest Expense + Tax Expense + Cash Dividends - Net Income = $60,000 + (21% * $710,000) + $60,000 - ($710,000 - ($500,000 + $125,000 + $170,000)) = $164,100
How is depreciation defined?Depreciation is the process of subtracting the cost of an asset used in a firm over a number of years as opposed to just one. There are four primary depreciation methods: straight line, double decreasing, years' digits added, and units of production.
How is depreciation an asset?The cost of an asset when it was purchased can be recovered by businesses thanks to depreciation. Instead of immediately recouping the purchase price, the approach enables businesses to cover an asset's whole cost over its useful life. By using the proper quantity of revenue, this enables businesses to replace future assets.
To know more about Depreciation visit:
https://brainly.com/question/15085226
#SPJ4
klein company issues a four-year note in exchange for a license agreement with fair value of $100,000. the contract requires payment of $27,956 at the beginning of each of the four years. the approximate effective interest rate associated with the notes payable is:
The correct answer to the given question is: Effective interest = 8%.
The effective interest rate can be determined using the rate function in excel as shown below:
=rate(nper,pmt,-pv,fv,type)
nper=period of license=4 years
pmt=27956
pv=-100000(the initial value of the license)
fv=0
type=1(1 for beginning payments, 0 for end of the period payments)
=rate (4,27956,-100000,0,1)
rate =8.00%
When the benefits of compounding over time are taken into account, the real return on a savings account or any other interest-paying investment is known as the effective annual interest rate. It also displays the actual percentage rate of interest owed on any outstanding debts, including credit card debt and loans.
To learn more about Effective interest click here:
https://brainly.com/question/13055268?referrer=searchResults
#SPJ4
true or false: turning a first-time customer into a loyal customer is most critically influenced by the customer's experience before the first purchase.
The correct assertion is that turning a first-time client into a loyal customer is most crucially affected by the customer's experience prior to the first transaction. Thus, it is true.
What is a loyal customer in business?The loyalty business model is a strategic management business model in which company resources are utilized to strengthen the loyalty of customers and other stakeholders in the hope that corporate objectives would be attained or exceeded. A common example of this sort of model is product or service quality leads to customer happiness, which leads to customer loyalty, which leads to profitability. It begins with a recent experience with the product or service to determine consumer happiness. This evaluation is based on past expectations of overall quality against the actual performance obtained. Customer satisfaction is likely to be high if the latest experience exceeds past expectations.
To learn more about loyal customers, click
https://brainly.com/question/5011433
#SPJ1
what is one of the top two criteria for global market consumers when making purchase decisions? question 30 options: 1) appearance 2) size 3) technology 4) quality 5) service
When it comes to purchasing selections, one of the top two criterion for global market buyers is quality.
What are the criteria that customers use?
Consumers' primary considerations are price, quality, brand, packaging, advertisement elements, and lifestyle factors.
services marketing:
Services marketing is a type of marketing used by companies who offer a service to their clients to enhance brand awareness and revenue. Services marketing, as sopposed to product marketing, focuses on advertising intangible interactions that bring value to clients.
Marketing Technology:Marketing technology (martech) is a collection of software solutions used by marketing executives to support mission-critical business objectives and foster innovation inside their enterprises.
Why is appearance important in marketing:Emotion is stimulated by effective branding, which influences customer behavior and decisions. Color is the most important aspect that influences emotion. Each hue evokes different emotions, and research has shown that it accounts for 90% of fast product judgements.
Learn more about Marketing Management:
brainly.com/question/25207220
#SPJ4
If diamond, a corporate recruiter, wants to selectively recruit passive job candidates, she should utilize the linkedin social media network.a. Trueb. False
The answer is false. It's a good idea to reach out and introduce yourself when you come across strong profiles or people with hard-to-find skills.
This way, you can begin to establish a relationship with passive candidates, making them more likely to consider a job opportunity in the future. A profiles candidate is someone who an employer is considering for a position but is not actively looking for a skills job. Passive candidates have not applied for any open positions and are not looking for new opportunities. The most effective way to persuade a passive candidate is to demonstrate what they are missing out on by not working for your company.
To learn more about skills, click here.
https://brainly.com/question/22072038
#SPJ4
an annuity stream of cash flow payments is a set of: equal cash flows occurring each time period over a fixed length of time. b. equal cash flows occurring each time period forever. c. either equal or varying cash flows occurring at set intervals of time for a fixed period. d. increasing cash flows occurring at set intervals of time that go on forever. e. arbitrary cash flows occurring each time period for no more than 10 years.
An annuity stream of cash flow payments is a set of: equal cash flows occurring each time period over a fixed length of time. The correct answer is A.
What is an annuity stream?An annuity stream is one of the two main types of income streams. An income stream payable from a superannuation fund is called a pension. And, an income stream which is generally payable from a life insurance company is called an annuity.
The goal of an annuity is to give a steady stream of income, generally during retirement. Funds accrue on a tax deferred basis and can only be withdrawn without penalty after age 59½. Many aspects of an annuity can be tailored to the particular needs of the buyer.
Learn more about annuity at: https://brainly.com/question/29488566
#SPJ4
$7850 is invested at 5.0% compounded continuously. how long will it take for the balance to reach $15700? round your answer to two decimal places, if necessary.
Total time taken for this balance is t = 14.20 years
P = $7850
A = $15700
r = 5.0%
time t =?
the formula for compound interest
A = P(1 + r/100)^t
$15700 = $7850(1 + 5/100)^t
$15700/$7850 = (105/100)^t
2 = (21/20)^t
t = log(2)/log(21/20)
t = 14.20 years
To know more about compound interest, click the below link
https://brainly.com/question/14295570?referrer=searchResults
#SPJ4
All of the following are components of stockholders' equity, except ____________.a) notes payableb) paid-in-capitalc) retained earningsd) treasury stock
Except for notes payable, none are components of stockholders' equity.
What elements make up shareholder equity?Outstanding shares, additional paid-in capital, retained earnings, and treasury stock are the four elements that are taken into account in the calculation of shareholders' equity. On the off chance that investors' value is positive, an organization has an adequate number of resources for pay its liabilities; A company's liabilities exceed its assets if it is negative.
Which three elements make up owner's equity?Owner's equity consists of: money put in by the company's owner. plus the company's profits since its inception. minus the money that the owner took out of the business.
To learn more about notes payable here
https://brainly.com/question/21315882
#SPJ1
securities that establish a debtor-creditor relationship in which the corporation borrows money from the investor to whom a debt security is issued are known as
Bonds are debt securities that create a debtor-creditor relationship in which the corporation borrows money from the investor from whom the bond was issued.
A bond is a sort of financial asset in which the issuer (debtor) owes the holder (creditor) a debt and is obligated, depending on the terms, to repay the bond's principle (the amount borrowed) at the bond's maturity date as well as interest (the coupon) over a predetermined period of time.
The owners of financial instruments referred to as debt securities are entitled to recurrent interest payments. In contrast to equity securities, debt securities demand repayment of the principal borrowed..
To know more about debt securities, click the below link
https://brainly.com/question/13789509?referrer=searchResults
#SPJ4
which of the following is the best example of shaping? 1 point (a) a child receives five dollars each time he cleans his room. (b) an employee receives a termination notice after coming to work late every day over a period of three months (c) a child gets candy from a dispenser one time but gets nothing from the dispenser the next two times. (d) a teacher rewards a student for sitting quietly for ten minutes on monday, fifteen minutes on tuesday, twenty minutes on wednesday, and thirty minutes on thursday. (e) a rat receives a mild shock each time it tries to open the door of its cage.
Answer:
A teacher rewards a student for sitting quietly for ten minutes on Monday, fifteen minutes on Tuesday, twenty minutes on Wednesday, and thirty minutes on Thursday.
Explanation:
candidates for the management development program at genco enterprises must first complete a personality assessment to determine the distinctive characteristics that account for the effectiveness of leadership role. based on this, it would appear that genco believes in the approach to leadership. multiple choice question. transformational
Based on this, it would appear that Genco believes in trait approach to leadership.
What is trait approach?Trait approach is a method used in psychology to explore human personality. Measurement of characteristics, which can be characterized as ingrained patterns of behavior, thought, and emotion, is of particular interest to trait theorists. This viewpoint defines characteristics as features of personality that vary between individuals, are largely constant across contexts, and have an impact on behavior. States, which are more fleeting dispositions, are different from traits. However, in many other theories and systems, traits are dimensions, such as extraversion vs. introversion, with the each person rating somewhere along this spectrum. Traits are not always something a person has or does not have. According to the internal causal definition, characteristics impact our behavior and cause us to act in ways that are consistent with those characteristics.
To learn more about traits, visit:
https://brainly.com/question/17489271
#SPJ4
which of the following is a true statement? question 6 options: private law involves the relationship of government to individuals. the notice requiring a defendant to appear in court or have a judgment entered against him or her is called a writ of appearance. a corporation is a legal person. arbitration is always conducted by a panel of hearing officers.
A corporation is a legal person this is the true statement.A company is a separate legal entity from its shareholders. Many of the same legal rights and obligations apply to corporations as to people.
They are able to sign contracts, make loans and take loans, sue and be sued, hire staff, possess assets, and pay taxes.
Legally speaking, a company is an independent and distinct entity from its owners. Many of the same legal rights and obligations apply to corporations as they do to people.
Limited liability, which prevents its shareholders from being held personally liable for the company's obligations, is a crucial component of a corporation.
An individual or group of individuals with a common objective may establish a corporation. Making money is not a must for all of that.
To learn more about shareholders please click on the given link: https://brainly.com/question/29803660
#SPJ4
what is the present value of $100$100 one year from now if the interest rate is 10%?10%? what is the present value if the interest rate is 5%?5%?
This is because, at 10%, $90.90 invested today would grow to $100 at the end of the year. This is because, at 5%, $95.24 invested today would grow to $100 at the end of the year.
What is invested?
Investment is the process of committing money or capital to an endeavor with the expectation of obtaining an additional income or profit. Investment typically involves the purchase of assets such as stocks, bonds, commodities, real estate, or other financial instruments. It is also possible to invest in less traditional assets such as art, antiques, and private equity. Investment typically involves the purchase of assets with the expectation that the assets will create a return in the future. The goal of investing is to put your money to work in order to generate a return on your investment.
Present value is the current worth of a future sum of money or stream of cash flow given a specified rate of return.
If the interest rate is 10%, the present value of $100 one year from now would be $90.90 (100/(1+0.10) = 90.90). This is because, at 10%, $90.90 invested today would grow to $100 at the end of the year.
If the interest rate is 5%, the present value of $100 one year from now would be $95.24 (100/(1+0.05) = 95.24). This is because, at 5%, $95.24 invested today would grow to $100 at the end of the year.
To learn more about invested
https://brainly.com/question/25790997
#SPJ4
Which one of the following is not an example of a seller offering signals of quality?
A. chau asks customers to write reviews of her manicures on a website for local businesses.
B. mak offers a money-back guarantee on his product.
C. ian's auto body shop offers a warranty on its work.
D. hui er proofreads her job application and cover letter four times to make sure it shows that she is careful about details.
Chau's request that customers write reviews of her manicures on a website for local businesses is not an example of a seller providing quality signals.
A manicure is a hand beauty treatment. Your nails will be filed, shaped, and filed.Then your cuticles will be pushed back, cleaned, and your hands will be massaged.
During a manicure, the free edge is filed and shaped, and any dead tissue is pushed back and clipped (using a cuticle pusher and cuticle nippers) (but limited to the cuticle and hangnails), treatments with various liquids, hand massage, and fingernail polish application.
Hence, the correct answer is "A" option.
To know more about manicures, click here.
https://brainly.com/question/29247011
#SPJ4
the three important factors for satisfactory employee task performance are: a. knowledge, skill and motivation b. procedural knowledge, process skill and declarative knowledge c. citizenship behaviors, declarative knowledge and motivation d. process knowledge, procedural knowledge and motivation
The knowledge, skill, and motivation of the employee are the three key components for successful task performance. Here option A is the correct answer.
Knowledge helps us think more clearly and solve difficulties. The brain functions more effectively and efficiently when it has a strong knowledge foundation. We become smarter and better problem solvers as a result of the power of knowledge.
Without effective task management techniques, you could waste a lot of time doing busy work and paying attention to the incorrect things. When working with a team, managing your duties is very helpful for organizing, prioritizing, and coordinating all you need to do.
An individual can accomplish their personal goals with motivation. Motivated people will be more committed to their work, perform better, and be more eager to succeed. The larger team and the entire organization take pleasure in this.
To learn more about task performance
https://brainly.com/question/12163151
#SPJ4
g if 80 ps are needed, and on-hand inventory consists of 30 ps and 20 each of all other components and subassemblies, how many ks are needed? 880 1440 860 1460 920
The total K required is 860 as per the components and subassemblies.
The correct option is 860.
Now, According to the question:
Requirement of P = 80, inventory = 30
The net requirement for P is 50
Requirement of A = P*1 = 50, inventory = 20, net requirement for A is 30
1 Ps of A needs 1 ps of K
K required = A*1 = 30
Requirement of B = P*5 = 250, inventory = 20, net requirement for B is 230
1 Ps of B needs 2 Ps of K
K required = B*2 = 460
Requirement of C = P*3 = 150, inventory = 20, net requirement for C is 130
1 Ps of C need 3 Ps of K
K required = C*3 = 390
Total K required = 880 ps, inventory = 20, net requirement = 860 ps
Learn more about Inventory at:
https://brainly.com/question/14184995
#SPJ4
When posting is complete, the post. ref. column in the general journal is completely filled in with account numbers.
a. True
b. False
The provided assertion is false, according to this. In the general journal, the post. ref. box is entirely filled with account numbers.
What two categories of general journals are there?Particularly, four journals keep track of transactions with a similar structure. The type of transactions we document in them is implied by their name. Sales journal, Company's cash publication, Purchases journal, and Cash payments journal are these journals.
A three entry diary is what?The purpose of a Triple Entry Journal, a three-column answer sheet, is to help readers keep track of their thoughts, reflections, and judgments as they apply evidence-based reasoning to a book. You may be familiar with the Double Entry Journal, a near relative of the Triple Entry Journal.
To know more about general journal visit:
https://brainly.com/question/14213929
#SPJ4
personal selling goals typically include finding prospects, determining their needs, persuading prospects to buy, and _______.
Personal selling objectives often include finding prospects, determining their needs, persuading prospects to buy, and keeping customers satisfied.
What is personal selling?It corresponds to a direct interaction between the sales representative and potential customers, where the objective is to lead to the completion of a sale.
For the sale to be successful, the sales representative needs to develop a series of techniques that lead the customer to establish a favorable perception of the company, in addition to increasing its reliability.
Therefore, it is necessary to have well-developed communication, ethics, negotiation and persuasion, so that customers feel satisfied and develop a positive relationship with the company.
Find out more about personal selling on:
https://brainly.com/question/7304387
#SPJ1
you are designing an application for use only during business hours. for the minimum viable product release, you'd like to use a managed product that automatically scales to zero so you don't incur costs when there is no activity. which primary compute resource should you choose?
You should choose A. Cloud Functions as primary compute resources.
A serverless execution environment for constructing and linking cloud services is called Cloud Functions. You can create straightforward, one-purpose functions with Cloud Functions that are linked to events released by your cloud infrastructure and services.
When an event being watched fires, your function is called. In a completely managed environment, your code runs. Neither server management nor infrastructure provisioning are required.
There are a variety of supported programming languages that you can use to create Cloud Functions. Your function can be run in any common runtime environment for a language that is even supported, which simplifies local testing and portability.
To know more about Cloud:
https://brainly.com/question/28423568
#SPJ4
Correct question:
You are designing an application for use only during business hours. For the minimum viable product release, you'd like to use a managed product that automatically `scales to zero` so you don't incur costs when there is no activity. Which primary compute resource should you choose?
A. Cloud Functions
B. Compute Engine
C. App Engine flexible environment
what are the effects of a stock split accounted for as a 100% stock dividend?multiple select question.par value per share decreases.par value per share increases.the number of shares outstanding increases.par value per share stays the same.the number of shares outstanding decreases.need help? review these concept resources.
Answer:
Par value per share stays the same
The number of shares outstanding increases
Explanation:
Par value per share stays same as the effect of stock split accounted for as 100% stock dividend.
What is a stock split?A stock split or stock divide increases the number of shares in a company. For instance, after a 2-for-1 split, each investor would own twice as many shares with a value that was reduced by one-half. A company may split its shares when the market price per share is so high that it becomes challenging to trade. One rationale is that an extremely high share price might deter novice buyers from buying the shares. A big gain in share price is typically followed by a stock split. Additionally, there can be psychological effects. If many people purchase the shares in the hope that the stock split would increase the share price, the price of the stock will normally increase.
To learn more about stock split, visit:
https://brainly.com/question/13981349
#SPJ4
what is the depreciation expense for the second year (straight-line method) using the following? cost of car $ 18,000 residual value $ 700 life 4 years multiple choice $4,635 $2,225 $4,325 $3,325
The depreciation expenses for the second year of the car is $4,325
Depreciation cost:
In economics, depreciation cost refers the loss in value of an item over time. Purchases are generally most valuable and worth the most amount of money when they are new.
Given,
Here we need to find the depreciation expense for the second year by using the straight-line method when the cost of car $ 18,000 residual value $ 700 life 4 years.
Here we know the following values:
Original cost = $18,000
Residual value = $ 700
Life time = 4 years
Then the depreciation cost is calculated as,
=> (18000 - 700)/4
=> 4325
To know more about Depreciation cost here.
https://brainly.com/question/13896764
#SPJ4
markets that operate under highly restrictive assumptions, such as a zero tax rate, zero transactions costs, and full information of all market participants, are known as what?
Markets that operate under highly restrictive assumptions, such as a zero tax rate, zero transactions costs, and full information of all market participants, are known as perfect market.
A perfect market is one that is planned to be entirely devoid of anomalies that could otherwise make it impossible to obtain the optimal pricing. In a perfect market system, there are no transaction costs and both producers and consumers have complete and symmetrical information.
A large number of manufacturers and customers are in rivalry with one another perfect market. Given that they all exist outside of the ideal competition model's plane, all real markets may be characterized as flawed. The current idea of imperfect versus ideal competition was first introduced by the Cambridge school of post-classical economics.
Learn more about Market here:
https://brainly.com/question/906651
#SPJ4
the value of the noogle's stock was $94 at the start of 2015, and at its current rate the value of the stock triples every 5 years. what will the value of noogle's stock be at the start of 2023?
The value of the noogle's stock triples every 5 years in 2015 it was $94, at the beginning of 2020 it will be $282, per year it is 1.8 times so 2023 it will be $507.6
A stock, usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle its owners to a share of the company's assets and income in proportion to the number of shares they possess.
Based on the proportion of shares an investor owns to the total number of outstanding shares, a shareholder is regarded as an owner of the issuing firm. If a corporation has 1,000 outstanding shares of stock and one shareholder has 100 of those shares, that shareholder would possess and be entitled to 10% of the company's assets and profits.
To learn more about stock refer here:
https://brainly.com/question/17256305
#SPJ4
an employee has had a performance appraisal and signed the appraisal form at the conclusion of the meeting with the manager. what does the employee's signature denote?
An employee has had a performance appraisal and signed the appraisal form at the conclusion of the meeting with the manager which denotes that they have received and read the performance evaluation information.
What is a performance evaluation?
How successfully a worker is doing their job is evaluated and documented through the performance appraisal process. A company's performance management system includes it. Performance reviews are based on how well an employee is doing in relation to goals that were jointly set with his or her management once a year.
The following are just a few of the many advantages of performance reviews: discovering areas where your company can improve. locating areas that require additional training. enhancing productivity and profitability.
To know more about performance evaluation, click here- brainly.com/question/27953070
#SPJ4
Exploring the Dodd-Frank Act
Assignment Directions
Since the Dodd-Frank Act has being implemented, its role continues to be debated in Congress and among the public. Your task is to identify a range of opinions on Dodd-Frank from newspaper and magazine columnists, financial web sites, and bloggers. Also use one government source for details on the Dodd-Frank Act and its many provisions.
Once you have gathered different perspectives, write a paper that explains which aspects of the Dodd-Frank Act provide consumer protections, what has been implemented so far, and which entities are covered by the Act. Then discuss your perspective on the Act as a consumer. Also identify why Congressional actions to change Dodd-Frank are potentially harmful.
Submission Requirements
The paper must be no less than two pages, double-spaced, with 1-inch margins. Also include a list of references you used to write your paper.
The paper that explains which aspects of the Dodd-Frank Act provide consumer protections, what has been implemented so far, and which entities are covered by the Act is given below.
Which aspects of the Dodd-Frank Act provide consumer protections?Dodd-Frank was passed in 2010 to give regulators the tools to make sure that no Wall Street firm grows too big, complex, or risky so as to threaten the global economy; to protect consumers from unfair and deceptive practices and products that contributed to the 2008 crisis; and to create transparency.
Charged with ensuring banks, housing and student loan lenders, and credit card businesses follow the rules, the Consumer Financial Protection Bureau was established with the mission of defending consumers against misleading and abusive financial practices.
Therefore, the entities that are said to be covered are: Consumer Financial Protection Bureau (CFPB), the Office of Financial Research (OFR), the Federal Insurance Office (FIO), and the Financial Stability Oversight Council are four new federal organizations responsible for financial regulation that were established as a result of the Dodd-Frank Act (FSOC).
Learn more about Dodd-Frank Act from
https://brainly.com/question/24859719
#SPJ1